Bitcoin has recently experienced a slight pullback, but this is actually just a healthy adjustment in the market and has not disrupted its overall rise trend. In the short term, the price of Bitcoin is hovering near important levels, reflecting the relative balance of bullish and bearish forces, making market fluctuations inevitable.

Despite the fact that the expectations for interest rate cuts have been fully absorbed by the market, a real large-scale influx of funds has yet to occur, and investors remain cautiously observant. It is noteworthy that the US stock market continues to hit new highs, which may have a positive impact on the cryptocurrency market. If the US stock market remains stable in the coming week, we are likely to see a significant increase in liquidity in the cryptocurrency market.

Overall, the current Bitcoin market is at a critical turning point. Although it may continue to fluctuate in the short term, as long as the overall rise channel is not broken, long-term investors still have reasons to remain optimistic. Meanwhile, closely monitoring the performance of the US stock market and changes in the global macroeconomic environment will help to better grasp the future direction of Bitcoin.